Several indicators are pointing to a bounce in SPX:
* it's well outside of its bollinger band
* RSI is just under 40 - usually we see a bounce at this level
* The last candle ran away from the 8-day EMA
The attraction of the bounce will be 8-day EMA. It's entirely possible that this bounce will be sold by the end of the session. Still, that's at least 25 point move in SPX we're talking about.
* it's well outside of its bollinger band
* RSI is just under 40 - usually we see a bounce at this level
* The last candle ran away from the 8-day EMA
The attraction of the bounce will be 8-day EMA. It's entirely possible that this bounce will be sold by the end of the session. Still, that's at least 25 point move in SPX we're talking about.
